On cost restrictions in spatial competition models with heterogeneous firms
نویسندگان
چکیده
منابع مشابه
Spatial Competition with Heterogeneous Firms
I model endogenous horizontal and vertical product differentiation with arbitrarily many heterogeneous firms. Firms are asymmetric in that they differ in their marginal costs. I prove that under an equilibrium refinement, all economically relevant firm outcomes are uniquely determined across all strict subgame perfect Nash equilibria. There are two central results. First, a firm’s price, market...
متن کاملon some bayesian statistical models in actuarial science with emphasis on claim count
چکیده ندارد.
15 صفحه اولSpatial Price Discrimination with Heterogeneous Firms*
In this paper we aim to explain intuitively heterogeneous firms’ optimal location decisions in a simple spatial market. To do so, we present and solve a four-stage game of entry, location, pricing and consumption in a spatial price discrimination framework with arbitrarily many heterogeneous firms. We provide a unique equilibrium outcome without imposing restrictions on the distribution of marg...
متن کاملSimultaneous Search with Heterogeneous Firms and Ex Post Competition
We study a search model where workers can send multiple applications to high and low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that there is a unique equilibrium where workers mix between sending both applications to the high and both to the low productivity sector. Efficiency requires however that they apply to b...
متن کاملMarket Competition and Managerial Incentives with Heterogeneous Firms
We incorporate managerial e¤orts inside rms in a standard monopolistic competition model a la Krugman(1980) with heterogenous rms. The manager works to increase probability of productivity improvement for the rm. Due to unobservable managerial e¤ort and limited liability, the optimal managerial compensation scheme links the market performance of the rm to managerial incentives. Managers in ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economics Letters
سال: 2010
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2010.03.018